Goldwind, others help Oxford PV raise GBP 31m

March 15 (Renewables Now) - UK perovskite solar firm Oxford PV has raised GBP 31 million (USD 41m/EUR 36.3m) following the first close of its Series D funding round, it announced on Friday.

This time, Oxford PV got a “major” new investment from Chinese wind turbine maker Xinjiang Goldwind Science & Tech Co Ltd (HKG:2208) and also received financial support from existing shareholders such as Norwegian oil and gas major Equinor ASA (NYSE:EQNR) and the venture capital arm of Legal & General Group Plc (LON:LGEN).

Oxford PV noted that the fresh funds will allow it to move its perovskite based solar cell technology into the commercial phase.

The UK firm has raised a total of GBP 76 million in funding over the last five years. In December 2017, it got EUR 15 million (USD 17m) in financing from the European Investment Bank (EIB).